SANTANDER CONSUMER USA HOLDINGS INC

SANTANDER CONSUMER USA HOLDINGS INC.

Third Quarter 2017

10.27.2017

IMPORTANT INFORMATION

2

Forward-Looking Statements

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements about our

expectations, beliefs, plans, predictions, forecasts, objectives, assumptions, or future events or performance are not historical facts and may be forward-looking.

These statements are often, but not always, made through the use of words or phrases such as anticipates, believes, can, could, may, predicts, potential, should,

will, estimates, plans, projects, continuing, ongoing, expects, intends, and similar words or phrases. Although we believe that the expectations reflected in these

forward-looking statements are reasonable, these statements are not guarantees of future performance and involve risks and uncertainties that are subject to

change based on various important factors, some of which are beyond our control. For additional discussion of these risks, refer to the section entitled Risk Factors

and elsewhere in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q filed by us with the U.S. Securities and Exchange Commission (SEC).

Among the factors that could cause the forward-looking statements in this presentation and/or our financial performance to differ materially from that suggested

by the forward-looking statements are (a) the inherent limitations in internal controls over financial reporting; (b) our ability to remediate any material weaknesses

in internal controls over financial reporting completely and in a timely manner; (c) continually changing federal, state, and local laws and regulations could

materially adversely affect our business; (d) adverse economic conditions in the United States and worldwide may negatively impact our results; (e) our business

could suffer if our access to funding is reduced; (f) significant risks we face implementing our growth strategy, some of which are outside our control; (g)

unexpected costs and delays in connection with exiting our personal lending business; (h) our agreement with Fiat Chrysler Automobiles US LLC may not result in

currently anticipated levels of growth and is subject to certain performance conditions that could result in termination of the agreement; (i) our business could

suffer if we are unsuccessful in developing and maintaining relationships with automobile dealerships; (j) our financial condition, liquidity, and results of operations

depend on the credit performance of our loans; (k) loss of our key management or other personnel, or an inability to attract such management and personnel; (l)

certain regulations, including but not limited to oversight by the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, the

European Central Bank, and the Federal Reserve, whose oversight and regulation may limit certain of our activities, including the timing and amount of dividends

and other limitations on our business; and (m) future changes in our relationship with Banco Santander that could adversely affect our operations. If one or more

of the factors affecting our forward-looking information and statements proves incorrect, our actual results, performance or achievements could differ materially

from those expressed in, or implied by, forward-looking information and statements. Therefore, we caution the reader not to place undue reliance on any forwardlooking information or statements. The effect of these factors is difficult to predict. Factors other than these also could adversely affect our results, and the reader

should not consider these factors to be a complete set of all potential risks or uncertainties. Any forward-looking statements only speak as of the date of this

document, and we undertake no obligation to update any forward-looking information or statements, whether written or oral, to reflect any change, except as

required by law. All forward-looking statements attributable to us are expressly qualified by these cautionary statements.

Q3 2017 HIGHLIGHTS

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Driving towards long-term success by delivering value to shareholders while focusing on disciplined

underwriting, compliance and being Simple, Personal and Fair

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Net income of $199 million, or $0.55 per diluted common share

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Includes sale of legacy RV/Marine portfolio resulting in a pre-tax gain on sale of $36 million, or $0.07 per

diluted common share

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Scott Powell appointed President & CEO; Juan Carlos Alvarez appointed CFO; Rich Morrin appointed to

President of Chrysler Capital & Auto Relationships and Sandra Broderick appointed EVP, Head of Operations

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Federal Reserve announced the termination of the 2014 Written Agreement with SHUSA

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Allows SHUSA and SC to operate within a normal capital cycle

For the first time since 2014, SC has declared a cash dividend of $0.03 per share

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Gross and net loss ratios down 40 and 20 bps YoY, respectively; Auction-plus recovery rate of 49.3%, flat YoY

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Asset sales of $1.3 billion executed through the Banco Santander flow agreement

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$1.8 billion in asset-backed securities (ABS) offered and sold

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Total auto originations of $5.0 billion, down 3% YoY

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Net finance and other interest income of $1.1 billion, down 10% YoY

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Net leased vehicle income of $118 million, down 13% YoY

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Return on average assets of 2.0%, down from 2.2% in Q3 2016

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CET1 ratio of 15.0%, up 190 bps YoY

1

Chrysler Capital is a dba of Santander Consumer USA

ECONOMIC INDICATORS

4

Consumer Confidence2

U.S. Auto Sales1

Index Q1 1966=100

Units in Millions

Max 18.5

Max 99.1

ORIGINATIONS

18.5

95.1

Min 55.3

Min 9.0

Sep-07

Sep-08

Sep-09

Sep-10

Sep-11

Sep-12

Sep-13

Sep-14

Sep-15

Sep-16

Sep-17

U.S. GDP1

Sep-07

Sep-08

Sep-09

Sep-10

Sep-11

Sep-12

Sep-13

Sep-14

Sep-15

Sep-16

Sep-17

U.S. Unemployment Rate3

%

%

Max 3.2%

Max 10.0%

CREDIT

2.6%

4.2%

Min -4.1%

Jun-07

1 Bloomberg

2 University

3

Jun-08

Jun-09

of Michigan

U.S. Bureau of Labor Statistics

Jun-10

Jun-11

Jun-12

Jun-13

Jun-14

Jun-15

Jun-16

Jun-17

Min: 4.2%

Sep-07 Sep-08 Sep-09 Sep-10 Sep-11 Sep-12 Sep-13 Sep-14 Sep-15 Sep-16 Sep-17

AUTO INDUSTRY ANALYSIS

5

Used Vehicle Indices1

Manheim: Seasonally Adjusted

SEVERITY

140

140

Manheim

(Left Axis)

Manheim

SC Recovery Rates2

JD Power: Not Seasonally Adjusted

JDP JDP

Used-Vehicle

Price Index

Used-Vehicle

Price (Right

Index Axis)

135

140

70%

130

65%

125

60%

135

135

135

130

130

130

120

125

125

125

115

120

120

110

120

115

105

115

115

110

110Sep-12

Sep-13

Sep-14

Sep-15

Sep-16

Sep-12

Sep-13

Sep-14

Sep-15

Sep-16

100

Sep-17110

Sep-17

SC Auction Only Recovery Rate

SC Auction Plus Recovery Rate (Quarterly)

55%

50%

49.4%

49.3%

45.1%

45.3%

Sep-16

Sep-17

45%

40%

35%

Sep-13

Sep-14

Sep-15

Industry 60+ Day Delinquency Rates3

Industry Net Loss Rates3

Subprime

Subprime

Max 13.3%

Max 5.4%

CREDIT

4.5%

7.4%

Min 1.6%

Min 2.8%

Jul-07

1 Manheim,

Jul-09

Jul-11

Jul-13

Jul-15

Jul-17

Jul-07

Inc.; Indexed to a basis of 100 at 1995 levels; JD Power Used-Vehicle Price Index (not seasonally adjusted)

Only - includes all auto-related recoveries including inorganic/purchased receivables from auction lanes only

Plus ¨C Per the financial statements includes insurance proceeds, bankruptcy/deficiency sales, and timing impacts

3 Standard & Poor¡¯s Rating Services (ABS Auto Trust Data ¨C two-month lag on data, as of July 31, 2017)

2 Auction

2 Auction

Jul-09

Jul-11

Jul-13

Jul-15

Jul-17

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